Evolving Economic Catastrophe: Greek Tragedy Comes to America – Bob Chapman

(GlobalResearch) – We are not going to go into the lured details regarding residential and commercial real estate, but we are going to give you some highlights. We began telling subscribers to sell real estate in June of 2005, long before anyone else. We picked the top just as we did in September 1988 at the top. Read More Here

South Africa: When Liberation Means Enslavement

(GlobalResearch) – With only weeks to the start of one of the greatest sporting spectacles – the soccer World Cup – the organisers have an embarrassing problem on their hands. While millions of football fans across the globe will turn on their televisions to enjoy the contest, FIFA officials are worried that viewers may be distracted from the football action on the field by the lack of action in the stands. It is feared that the six purpose-built stadiums will be beamed around the world showing a conspicuous lack of spectators. The reason? Such is the poverty in the host nation – South Africa – that most of the population simply cannot afford to pay the entrance fee to see these games. Continue reading

Obama’s Budget Revealed: Money for Wars and Weapons, While More Americans Face Joblessness and Hunger

(TomDispatch) – Send up a flare! The 2011 federal budget has sprung some leaks in the midst of a storm. Not sure there’s enough money for life rafts!  Forget women and children first!

Buffeted by economic hard times, the 2,585-page, $3.8 trillion document is already taking on water, though this won’t be obvious to you if you’re reading the mainstream media. Let’s start with the absolute basics: 59% of the budget’s spending is dedicated to mandatory programs like Medicaid, Medicare, Unemployment Insurance, Social Security, and now Pell Grants; 34% is to be spent on “discretionary programs,” including education, transportation, housing, and the military; 7% will be used to service the national debt.

A serious look at this budget document reveals some “leaks” — two in actual spending practices and two in the basic assumptions that undergird the budget itself. Ship-shape as it may look on the surface, this is a budget perilously close to an iceberg, and it’s not clear whether the captain of the ship will heed the obvious warning signs. Read More Here

Is The Recovery Real? – Paul Craig Roberts

Happy news! The government has come up with a 5.9 percent GDP growth rate in the fourth quarter of 2009. The recession is over.
Or is it? Statistician John Williams has informed us that 69 percent of this growth, or 4.1 percentage points, is the result of inventory accumulation. That leaves a 1.8 percent growth rate, and the 1.8 percent is likely due to the underestimate of inflation and other statistical problems. Continue reading

Mossad Comes to America: Death Squads by Invitation – James Petras

The principle propaganda mouthpiece of the Presidents of Major American Jewish Organizations (PMAJO), the Daily Alert (DA), has come out in full support for Israel’s practice of extra-judicial, extra-territorial assassination. Continue reading

MSM: President Obama to Say Democrats Will Use Reconciliation to Pass Senate Health Care Reform Fix, If Not Given Up or Down Vote

(ABC) – White House officials tell ABC News that in his remarks tomorrow President Obama will indicate a willingness to work with Republicans on some issue to get a health care reform bill passed but will suggest that if it is necessary, Democrats will use the controversial “reconciliation” rules requiring only 51 Senate votes to pass the “fix” to the Senate bill, as opposed to the 60 votes to stop a filibuster and proceed to a vote on a bill. Continue reading

Economy

(BusinessInsider) – 70% Of The Elderly Aren’t Retiring Because They Can’t Afford To Anymore

A new survey from Career Builder exposes what will be an increasingly common trend as America ages demographically — older workers are being forced to keep working and postpone retirement for financial reasons. Read More Here

(BusinessInsider) – Greece Just Passed Another $6.6 Billion Cut, Now Let’s See How Its People React

Greece is almost over the bailout finish line! Read More Here

(Prospect) – The Plight of American Manufacturing

Since 2001, the U.S. has lost 42,400 factories — and its technical edge. Read More Here

(JSMineSet) – The Skinny On Greece And What It Means To Gold

Greece will fail and be rescued is all that is discussed in the financial world. Here is the real skinny: Read More Here

(MarketOracle) – Nine Shocking Forecasts for Stocks, Gold, Economy and Financial Markets for 2010-2012

We have just ended an online video conference to brief investors on major events that could forever change your future.

We made nine new predictions to pinpoint, as accurately as possible, how and when that future is likely to unfold. Read More Here

(ABCNews) – Economists: Another Financial Crisis on the Way

Even as many Americans still struggle to recover from the country’s worst economic downturn since the Great Depression, another crisis – one that will be even worse than the current one – is looming, according to a new report from a group of leading economists, financiers, and former federal regulators. Read More Here

(RussiaToday) – Video: Tent City In NY – View Video Here

(USAToday) – New ghost towns: Industrial communities teeter on the edge

When Henry Kaiser arrived 55 years ago, this place was no place — “a rural problem area,” the government called it, so poor and isolated that the population had dropped 15% since 1940. Read More Here

(SafeHaven) – Dont Bet on a Recovery – Peter Schiff

It is astounding how many economists, government officials, and Wall Street strategists construe the current economic conditions as evidence of a bona fide recovery. It is a testament to the power of the rose colored glasses handed out by our nation’s leading universities that such a feeling could be widely held despite the clear and present danger that compounds daily. The myopia leads us to enact policies that actually exacerbate our problems. The “remedies” are postponing, perhaps indefinitely, a true recovery. Read More Here

(DotEarth) – Fuel Taxes Must Rise, Harvard Researchers Say

To meet the Obama administration’s targets for cutting greenhouse gas emissions, some researchers say, Americans may have to experience a sobering reality: gas at $7 a gallon. Read More Here

(CanadaFreePress) – Citibank needs seven days?

Late last week, a slight furor arose when it became public knowledge that Citibank sent the following notice to customers:
“Effective April 1, 2010, we reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.” Read More Here

(GlobalResearch) – Looming Crisis: America’s Credit Card Debt Bubble-Burst

If you are one of the millions of Americans locked into long term debt service, your road to debt serfdom was likely paved by a mortgage, home equity loan, credit cards, or a combination of all three. Read More Here

World War

(TheNational) – Ahmadinejad Expects War Before Summer

The three-party meeting that took place in Damascus on Friday gathering the Syrian president Bashar al Assad, the Iranian president Mahmoud Ahmadinejad and the Hizbollah chief Hassan Nasrallah was a war council to devise counterattack plans and assign tasks in the event of an Israeli offensive on one or all parties, wrote Abdelbari Atwan, the editor-in-chief of the pan-Arab newspaper Al Quds al Arabi. Read More Here

(Haaretz) – Haaretz: Israel Is Preparing To Strike Iran

Netanyahu managed to convince the world that Israel is on the verge of a preemptive war to try to foil Iran’s nuclear program. His speeches on a second Holocaust and Amalek, the acceleration of military preparations, the exercises on the Home Front, the distribution of gas masks and even the stockpiling of dollars by the Bank of Israel all suggest that Israel is preparing to strike Iran, as it did when it attacked the nuclear plants in Iraq and Syria. Read More Here

(AntiWar) – Report: US State Dept. Warns Lebanon It Can’t Stop Israeli Attack

Lebanese Parliament Speaker Calls for New Peace Talks as Invasion Looms Read More Here

(PressTV) – Israel urges US to act alone, as anti-Iran bids fail

As US Secretary of State Hillary Clinton tours Latin America to recruit support for new international sanctions on Iran over its nuclear program, Tel Aviv urges Washington to adopt Cuba-like embargos against Tehran. Read More Here

Israeli PM warns of “runaway” Iranian nuclear issue

Israeli Prime Minister Benjamin Netanyahu on Tuesday warned that the international community is moving too slowly to follow Iran’s pursuit of nuclear weapons, reported local daily Ha’aretz. Read More Here

(BioPrepWatch) – Israel begins distribution of gas masks

Israel began its distribution of new gas masks to civilians on Sunday, which are meant to protect the nation in the event of a biological or chemical attack. Read More Here

(Haaretz) – Ahmadinejad denounces Israel as ‘origin of all wars, terror’

Iranian President Mahmoud Ahmadinejad continued to deliver incendiary rhetoric against Israel yesterday, the second and final day of a Palestinian solidarity conference in Tehran. Read More Here

Video: Webster Tarpley – Bankers in Slump Plot Against Euro to Save Dollar

(RussiaToday) – The Greek government has announced new austerity measures aimed at slashing its huge budget deficit. It comes a day after the Prime Minister said that the country was fighting for survival. The new measures — which will reduce annual pay and increase taxes — were ordered by the EU in an bid to prevent a collapse of the Euro. But street protests have been raging in Athens against the plans. Meanwhile, the U.S. Justice Department is reported to have launched a probe into leading American hedge funds. They’re suspected of helping Greece cover up its debts to weaken the European currency. Journalist Webster Tarpley believes that was a plot hatched to prop up the dollar’s supremacy. Continue reading

U.S. Wages Food War Against Somalia

(BlackAgendaReport) – While nearly half the population of Somalia teeters at the edge of starvation, the U.S. is preventing the United Nations from delivering desperately needed food. According to documents obtained by the New York Times, the Americans demand that aid agencies guarantee that no fees are paid “at roadblocks, ports, warehouses, airfields or other transit points” controlled by Shabab resistance fighters. Since the Shabab and other militias control more than half of the area in conflict, United Nations compliance with U.S. conditions would mean starvation for about three million people.Indeed, if international aid were restricted to areas controlled by the U.S.-backed puppet regime, only a few neighborhoods in Mogadishu, the capital, would be fed. Continue reading

Muslims Are Their Own Worst Enemy – Paul Craig Roberts

(Infowars) – Muslims are numerous but powerless. Divisions among Muslims, especially between Sunni and Shi’ites, have consigned the Muslim Middle East to almost a century of Western control. Muslims cannot even play together. The Islamic Solidarity Games, a regional version of the Olympics, which were to be held in April in Iran, have been cancelled, because the Iranians and the Arabs cannot agree on whether to call the body of water that separates Iran from the Arabian Peninsula the Persian Gulf or the Arabian Gulf. Continue reading

MSM: NY Times – Global Warming Alarmists Have Taken a Vicious Beating

(NYTimes) – For months, climate scientists have taken a vicious beating in the media and on the Internet, accused of hiding data, covering up errors and suppressing alternate views. Their response until now has been largely to assert the legitimacy of the vast body of climate science and to mock their critics as cranks and know-nothings. Continue reading

“Coffee Party” Founder Is Obama Campaign Operative

(SteveWatson) – Billed as an alternative grassroots movement to the Tea Party, which has been for the most part absorbed by mainline Republicans and Neoconservatives, the “Coffee Party” promised to wake up politically minded Americans and offered a different avenue for the freedom movement. Continue reading